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Re: United States loses its AAA Credit rating from S & P

Originally Posted by sangha

Clinton raised taxes, grew the economy and created 22 million jobs. bush* inherited a growing economy and destroyed millions of jobs and the economy with his tax cuts and big spending, big govt policies

bsuh* economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to cause a credit downgrade

Amazing how you post Obama results with Bush's name on them and call them terrible but ignore the actual Obama results. So if those results with Bush's name on them are so bad what do you think of the actual Obama results that have occurred 2 1/2 years after he took office

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!

Re: United States loses its AAA Credit rating from S & P

Originally Posted by AdamT

Budgets are determined for the next year -- not the current year. Bush left a $1+ trillion deficit and there was absolutely nothing Obama could do about that.

Budgets are determined but the Bush budget didn't project a 1.2 trillion dollar deficit. TARP is included in that deficit and Obama supported TARP and spent some of the money. In addition TARP repayments were made in 2009 but never credited to the Bush deficits. Wonder why? Budgets created don't have to be spent unless of course you are in the Federal govt.

Re: United States loses its AAA Credit rating from S & P

How would you plan to grow the economy? Apparently, the trickle down theory is bunk, so what next?

I believe that creating industry that cannot be outsourced is a good start.

by reducing tax rates on businesses and providing incentive for businesses to put 25 million people back to work. We had increasing revenues when Reagan increased employment by 17 million, when Clinton increased employment thanks to the GOP Congress, and Bush fully implemented his tax cuts. Tax cuts put money into the hands of the consumer and they make growing the economy a lot easier. A growing economy creates more govt. revenue.

“We don't need new taxes. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system. Then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again. That's what we should be focused on, and that's what we're not focused on.

“You look at all these taxes being proposed, and here's what I say. I say we should analyze every single one of them through the lens of job creation, issue number one in America. I want to know which one of these taxes they're proposing will create jobs. I want to know how many jobs are going to be created by the plane tax. How many jobs are going to be created by the oil company tax I heard so much about. How many jobs are created by going after the millionaires and billionaires the president talks about? I want to know: How many jobs do they create?

Re: United States loses its AAA Credit rating from S & P

Originally Posted by sangha

Clinton raised taxes, grew the economy and created 22 million jobs. bush* inherited a growing economy and destroyed millions of jobs and the economy with his tax cuts and big spending, big govt policies

bsuh* economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to cause a credit downgrade

Isn't it interesting that putting Bush's name on those results make them terrible but when Obama's actual results are those numbers it is ignored?

But.....but.....but you missed it, Bush got back to the WH in 2011 and generated the following results according to Sangha

bsuh* economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to cause a credit downgrade